S. Korea to inject 26 tln won in H2 for economic recovery: minister

Published : 2014-07-30 11:19
Updated : 2014-07-30 11:19

The government will inject about 26 trillion won (US$25.3 billion) in the forms of fiscal measures and policy financing during the remainder of this year to help the slowing economic recovery, the finance minister said Wednesday.

"In order to carry out diverse policy measures in a speedy manner, we plan to inject about 26 trillion won by strengthening fiscal measures and policy financing," Choi Kyung-hwan told a meeting with other policymakers.

This is a follow-up on the government's economy management plan unveiled last week, under which it vowed a policy package worth

40.7 trillion won aimed at boosting the economy. At the time, the government said that it will inject about 21.7 trillion won during the second half of this year. (Yonhap)